If Andy receives a new Form W-2 after filing his tax return, what should he do?

If Andy receives a new Form W-2 after he has already filed his tax return, the appropriate action is to use Form 1040-X to amend his return. This form is specifically designed for individuals who need to make changes to their previously filed tax returns, including correcting income information that may have changed after the original filing.

When a taxpayer receives an updated W-2, it often indicates that there has been a change in earnings, taxes withheld, or other crucial information that could affect the tax return. By filing Form 1040-X, Andy can accurately reflect this new information and ensure that his tax liability is properly calculated. This amendment process helps to maintain compliance with IRS regulations and can prevent potential issues, such as underpayment penalties or the risk of an audit due to discrepancies.

In contrast, simply filing another Form 1040 or refiling the original return without acknowledging the updated W-2 would not correctly address the necessary adjustments. Similarly, making a correction on his 2024 Form 1040 wouldn’t resolve any errors related to the 2023 tax return, as amendments need to be made for the year in which the original return was filed. Therefore, using Form 1040-X is the correct and appropriate response to address